QR DESIGN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QR DESIGN
Largest movements
- Receivables within one year +€132,705
up €132,705 (+39.1%), from €338,979 to €471,684
of which Other amounts receivable: +€122,017
- Cash +€23,204
up €23,204 (+308%), from €7,525 to €30,729
mainly Trade debts (+€130,757) and Advances received (+€14,676)
- Trade debts +€130,757
up €130,757 (+41.3%), from €316,374 to €447,131
- Advances received +€14,676
new in 2025: €14,676
- Profit (loss) carried forward +€11,714
up €11,714 (+86.1%), from €13,601 to €25,316
- Turnover +€124,933
up €124,933 (+60.1%), from €207,973 to €332,906
- Purchases and services +€108,996
up €108,996 (+52.5%), from €207,742 to €316,738
- Gross operating margin +€14,014
up €14,014 (+644%), from €2,175 to €16,188
- Other operating charges -€5,662
down €5,662 (-76.9%), from €7,364 to €1,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,517 | €505,354 | +€156,837 | +45.0% |
| Fixed assets | 21/28 | €139 | €1,355 | +€1,216 | +876% |
| Tangible fixed assets | 22/27 | €139 | €1,355 | +€1,216 | +876% |
| Furniture and vehicles | 24 | €139 | €1,355 | +€1,216 | +876% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €348,378 | €503,999 | +€155,621 | +44.7% |
| Amounts receivable within one year | 40/41 | €338,979 | €471,684 | +€132,705 | +39.1% |
| Trade receivables | 40 | €13,942 | €24,630 | +€10,688 | +76.7% |
| Other amounts receivable | 41 | €325,037 | €447,054 | +€122,017 | +37.5% |
| Cash at bank and in hand | 54/58 | €7,525 | €30,729 | +€23,204 | +308% |
| Deferred charges and accrued income | 490/1 | €1,874 | €1,586 | -€287 | -15.3% |
| Total equity and liabilities | 10/49 | €348,517 | €505,354 | +€156,837 | +45.0% |
| Equity | 10/15 | €14,101 | €25,816 | +€11,714 | +83.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,601 | €25,316 | +€11,714 | +86.1% |
| Amounts payable | 17/49 | €334,415 | €479,538 | +€145,122 | +43.4% |
| Amounts payable within one year | 42/48 | €334,415 | €479,538 | +€145,122 | +43.4% |
| Trade debts | 44 | €316,374 | €447,131 | +€130,757 | +41.3% |
| Suppliers | 440/4 | €316,374 | €447,131 | +€130,757 | +41.3% |
| Advances received on contracts in progress | 46 | - | €14,676 | +€14,676 | |
| Taxes, remuneration and social security | 45 | €8,693 | €7,782 | -€911 | -10.5% |
| Taxes | 450/3 | €8,693 | €7,782 | -€911 | -10.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €9,349 | €9,949 | +€600 | +6.4% |
| Turnover | 70 | €207,973 | €332,906 | +€124,933 | +60.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €207,742 | €316,738 | +€108,996 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031 | €139 | -€893 | -86.5% |
| Other operating charges | 640/8 | €7,364 | €1,702 | -€5,662 | -76.9% |
| Gross operating margin | 9900 | €2,175 | €16,188 | +€14,014 | +644% |
| Operating profit (loss) | 9901 | -€6,220 | €14,348 | +€20,568 | |
| Financial charges | 65/66B | €1,789 | €448 | -€1,341 | -74.9% |
| Recurring financial charges | 65 | €1,789 | €448 | -€1,341 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,010 | €13,899 | +€21,909 | |
| Income taxes | 67/77 | - | €2,185 | +€2,185 | |
| Profit (loss) for the period | 9904 | -€8,010 | €11,714 | +€19,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,010 | €11,714 | +€19,724 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.